Tractor Supply Company (NASDAQ:TSCO) Shares Set to Pay Quarterly Dividend of $0.24

Tractor Supply Company (NASDAQ:TSCO) announced a quarterly dividend on Wednesday, November 4th. Stockholders of record on Monday, November 23rd will be given a dividend of $0.24 per share by the specialty retailer on Tuesday, December 8th. This represents a $0.96 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Monday, November 23rd.

Tractor Supply has increased its dividend payment by an average of 0.3% annually over the last three years and has increased its dividend annually for the last 16 consecutive years. Tractor Supply has a payout ratio of 41.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Tractor Supply to earn $2.05 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 46.8%.

Tractor Supply Stock Up 0.1%

Tractor Supply stock opened at $36.61 on Friday. Tractor Supply has a fifty-two week low of $28.36 and a fifty-two week high of $56.94. The stock has a market cap of $19.20 billion, a PE ratio of 19.68, a price-to-earnings-growth ratio of 3.79 and a beta of 0.49. The firm’s 50-day simple moving average is $33.34 and its 200 day simple moving average is $37.97. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.20 and a current ratio of 1.38.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Thursday, October 22nd. The specialty retailer reported $0.43 EPS for the quarter, beating the consensus estimate of $0.41 by $0.02. Tractor Supply had a net margin of 6.13% and a return on equity of 40.05%. The firm had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.82 billion. During the same quarter last year, the business posted $0.49 EPS. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. Research analysts predict that Tractor Supply will post 1.95 EPS for the current fiscal year.

Tractor Supply Company Profile

Tractor Supply Company (NASDAQ:TSCO) is a specialty retailer serving the needs of farmers, ranchers, hobby farmers, pet owners, gardeners and other rural lifestyle customers. The company operates under the Tractor Supply banner and focuses on products that support everyday rural living, land maintenance and animal care.

Its merchandise includes livestock and pet feed, animal health and care products, fencing, hardware, tools, power equipment, lawn and garden supplies, work clothing, footwear, automotive products and seasonal goods.